Consideration

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....efines, consideration thus: * "Something that is legally regarded as the equivalent or return given or suffered by one for the act or promise of another." In Salmond on Jurisprudence, the word "con....

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....its which the law already allows him." The gist of the term "consideration" and its legal significance has been clearly summed up in Section 2(d) of the Indian Contract Act which defines "considerati....